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United Airlines CEO confirms he approached American about potential merger, but was rebuffed [Globe and Mail, The (Toronto, Canada)]
Last american airlines group, inc. earnings: 4/30 07:30 am
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proposal — saying it would benefit travelers despite American's refusal to engage in talks. “I was confident that this combination, which would have been about adding and not subtracting, creating a truly great airline that customers love, could get regulatory approval,” Scott Kirby wrote in a statement released Monday. “I was hoping to pitch that story to American, but they declined to engage and instead responded by publicly closing the door.” Kirby's confirmation comes after weeks of public speculation about a potential merger between two of the biggest U.S. airlines, amid rising jet fuel prices tied to the Iran war and reports that he had approached the White House about the idea. Kirby said Monday that he had approached American directly about a tie-up, but it's unclear whether that was before or after his White House meeting. American publicly shot down the idea of a merger, saying in an April 17 statement that it “is not engaged with or interested in any discussions regar
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